Terminable Service Contracts definition

Terminable Service Contracts. With respect to any Property, contracts entered into in the ordinary course of business which are cancelable on sixty (60) days notice or less without premium or penalty.
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Terminable Service Contracts has the meaning ascribed to such term in Section 2.3.
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Terminable Service Contracts means the Service Contracts, other than the "Construction Contracts", any Service Contracts consented to (or deemed to be consented to) by Purchaser in accordance with Section 9.F.1. above or Section11.V. below, and the Service Contracts with Carrier, Nalco and Unitog/Cintas.
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Examples of Terminable Service Contracts in a sentence

  • If Buyer notifies Seller in writing on or prior to the expiration of the Inspection Period of any Service Contracts (the "Terminable Service Contracts") which (a) Buyer does not desire to assume, and (b) may be terminated as of right by Seller without payment of any termination fee, Seller shall promptly give notice of termination of each Terminable Service Contract effective as of Closing or as of such later date as such Service Contract may first be terminated without penalty.

  • If Buyer notifies Seller in writing on or prior to the expiration of the Inspection Period of any Service Contracts (the "Terminable Service Contracts") which (i) Buyer does not desire to assume and (ii) may be terminated as of right by Seller without payment of any termination fee, Seller shall promptly give notice of termination of each Terminable Service Contract effective as of Closing or as of such later date as such Service Contract may first be terminated.

  • Notwithstanding that Purchaser did not provide such notice prior to expiration of the Inspection Period, Seller and Purchaser hereby acknowledge and agree that Purchaser shall be obligated to assume the Terminable Service Contracts set forth on SCHEDULE I attached hereto ---------- and made a part hereof.

  • Service Contract, the Captivate Network Service Contract, all other Non-Terminable Service Contracts, the Terminable Service Contracts which Buyer has elected to assume, and the Terminable Service Contracts where notice of termination has occurred prior to the Closing but such termination is not yet effective) shall be deemed to be additional assumed Service Contracts.

  • Seller shall be responsible for all termination fees payable hereunder in connection with the termination of the Terminable Service Contracts which Buyer has elected not to assume in accordance with this Section 2.3. At Closing, Buyer shall receive a credit in the amount of $600,000 in connection with the assumption of the Unicom Thermal Technologies Inc.

  • Section 11.M. of the Initial Agreement provided that ----------------- Purchaser is obligated to assume the Existing Capital Service Contracts, any Service Contracts consented to (or deemed to be consented to) by Purchaser in accordance with Section 9.F.1. or Section 11.V. of the Initial Agreement, and those Terminable Service Contracts that Purchaser elects to assume on or before the expiration of the Inspection Period.

  • Promptly after the expiration of the Evaluation Period, Seller shall terminate all Terminable Service Contracts other than the Terminable Service Contracts which Buyer has elected to assume, effective as of the Closing Date or such later date as the applicable Terminable Service Contract may provide.

  • Buyer shall notify Seller in writing within five (5) Business Days following the Effective Date as to those Terminable Service Contracts which Buyer has elected to assume.

  • Buyer shall assume at Closing (i) the Terminable Service Contracts until such time as the termination of such contracts by Seller shall become effective, and (ii) all Service Contracts that cannot be terminated by their terms or that cannot be terminated without payment of a termination fee by Seller.


More Definitions of Terminable Service Contracts

Terminable Service Contracts means all contracts and agreements to which any Property Owner is a party excluding the Leases, the Temporary Occupancy and Ancillary Agreements, the Property Management Agreements and the Assumed Contracts.
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Related to Terminable Service Contracts

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Terminated Contracts has the meaning set forth in Section 5.6(a).

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Tax Service Contract As defined in Section 3.09(a).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Company Material Contracts has the meaning set forth in Section 3.18(a).

  • Seller Contracts means those Contracts of Seller or any Other Seller that relate primarily to the Business.

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Material Leases has the meaning set forth in Section 4.21.

  • Subject Leases means, for any Asset Review, all 2019-B Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

  • Non-Assignable Contract means any agreement, contract or license to which any Grantor is a party that by its terms purports to restrict or prevent the assignment or granting of a security interest therein (either by its terms or by any federal or state statutory prohibition or otherwise irrespective of whether such prohibition or restriction is enforceable under Section 9-406 through 409 of the UCC).

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Related Contract means: (i) in relation to the SwapClear Service, a RelatedSwapClear Contract (as such term is defined in the Procedures); (ii) in relation to the RepoClear Service, a Related RepoClear Contract (as such term is defined in the Procedures); (iii) in relation to the ForexClear Service, a Related ForexClear Contract (as such term is defined in the Procedures); (iv) in relation to the EquityClear Service, a Related EquityClear Contract (as such term is defined in the Procedures); (v) in relation to the Listed Interest Rates Service, a Related Listed Interest Rates Contract (as such term is defined in the Procedures)"Relevant Auction Contract"has the meaning given to the term in the Client Clearing Annex"Relevant Business"has the meaning as described in Default Rule 15(c)"Relevant Client Clearing Business"means the Client Clearing Business conducted by a particular Clearing Member in a particular Service"Relevant Contract"has the meaning assigned to it in the Client Clearing Annex"Relevant Default"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement - SwapClear, Rule F2 of the ForexClear Default Fund Supplement or Rule R2 of the RepoClear Default Fund Supplement, as applicable"Relevant FX Amounts"means, in respect of a ForexClear Option Clearing Member and a day, all amounts that are due to be received by such ForexClear Option Clearing Member on such day under a ForexClear Option Contract, ForexClear Swap Contract, ForexClear Deliverable Forward Contract and/or ForexClear Spot Contract in any ForexClear Currency"Relevant FX Liability"has the meaning assigned to it in Regulation 101"re-opening contract"means a contract arising pursuant to Regulation 30(b) or 30(c)"RepoClear Additional Payments Cap"means, in respect of a RCM on any date, an amount equal to the Clearing Member Current Collateral Balance of that RCM in connection with its RepoClear Business as at the date of the Default causing losses leading to an Insufficient Resources Determination (or, where such an Insufficient Resources Determination is made following concurrent Defaults, the date of the earliest Default)"RepoClear Business"means any transaction, obligation or liability arising out of any Fixed Income Contract

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • Affiliate Contracts shall have the meaning set forth in Section 4.11(b).

  • Contract Start Date means the date specified in your Contract for Signature asthe date this Contract starts;

  • Company Leases shall have the meaning set forth in Section 3.12(a).